The ICICI board, which consists 12 members, is divided on whether Kochhar should be on leave during the internal enquiry
Many lay folks cannot fathom the arcane language of the corporate governance brouhaha. I found that a mythological story connects very well, says R Gopalakrishnan.
The Board of Control for Cricket in India's stand with regards to participation in the 2024 Olympic Games in Paris, audit firm Deloitte's presentation on financial irregularities and revision of pay structure in domestic cricket are on the Committee of Administrator's agenda when they meet BCCI's top office-bearers, in New Delhi, on Wednesday.
'Infusion of fresh capital, handsome growth in deposits and focus on recovery should bring Yes Bank back on the growth path in the next financial year,' observes Tamal Bandyopodhyay.
Rediff.com's Syed Firdaus Ashraf traces the journey of PM-CARES from its founding to finally admitting it is not a government fund.
Tokyo's Olympic 2020 contract allows it to postpone the Games until the end of the year, Japan's Olympics minister said on Tuesday, amid concern the coronavirus could disrupt the event. To curb the coronavirus, Japan's government has asked schools to close and encouraged the curtailment of events, including sports meetings, that could attract large crowds.
The panel is believed to have examined each financial transaction between the Kochhar family and Videocon group, and the suspected trail of properties and assets that the family acquired since Chanda Kochar became ICICI Bank's MD.
A high-powered probe committee set up by Lieutenant Governor Manoj Sinha visited the site and appealed to the general public to share videos, statements or any other evidence about the incident.
'The entire value of LIC is created by its shareholders because after the initial invest net of Rs 5 crores in 1956, the government has not given any additional capital to the LIC.' 'If the corporation has expanded and emerged as the biggest financial institution in the country, it is only because of the policyholders.'
The ICC Board, at its first meeting of 2016 in Dubai on Wednesday, considered amendments made to the ICC's constitution in 2014 and agreed that, in order to avoid any potential conflicts of interest and follow best practice principles of good governance, it will seek to re-establish as quickly as possible the 'independent' position of ICC chairman.
While auditors have come in for a lot of praise for their proactive stand against what they perceive to be dodgy practices followed by companies, there is still a long way to go, says Shyamal Majumdar.
A division bench of the high court comprising Justices Sanjib Banerjee and Arijit Banerjee, while hearing a public interest litigation, said that no visitors will be allowed to enter the marquees. For small pandals, barricades will have to be put up five metres from the entrance, while for the bigger ones, the distance has to be 10 metres, the court ordered.
The mechanism would also need to have necessary safeguards to protect whistle-blowers from victimisation, while checks would also be required against any misuse of this facility aimed at encouraging directors and employees to report genuine concerns and any wrongdoings at their company.
There was no casualty in the blaze that erupted on the second floor of Bodeli Dhokalia Public Hospital, the official said, adding that 10 COVID-19 patients undergoing treatment at the facility were shifted to its lower floor and some of them were later admitted to other hospitals.
As a multi-agency probe into the NSE case gathers pace, the grant of preferential server and data access to select brokers and their suspected misuse are being investigated threadbare to unveil all quid pro quo arrangements in a highly-sophisticated scheme that worked like a cricket betting scandal, officials said on Monday. While the bourse has said it has taken several steps over the years to strengthen its technology infrastructure, including as per regulatory orders, the officials said certain fresh disclosures call for a detailed probe into whether a select group of individuals in high positions had banded together to make illicit gains by facilitating the preferential trading slots, beginning over a decade ago. Even a split-second faster access is said to result in huge gains for a trader.
The country's largest stock bourse NSE on Friday said it stuck to the primary site for carrying out trading on Wednesday and did not switch to the disaster recovery site after a considered view while dealing with telecom connectivity issues which led to the nearly four-hour halt in trading earlier this week. It can be noted that Sebi had asked the exchange, which also trades the highest derivative volumes in the world, as to why it did not switch to the Disaster Recovery (DR) site. "Post shut down of trading on NSE, we considered all the available alternatives on hand including invocation of DR to decide on the course of action that would bring up the market at the earliest with least disruption to market participants and post evaluation, a decision was taken to bring up the systems at the primary site," a statement from NSE said.
The Committee of Administrators (COA) wants BCCI to appoint an Ombudsman and an Ethics Officer at the earliest to deal with any disputes leading up to its much-awaited Annual General Meeting and elections.
Air Commodore J S Dhamoon, who was commanding the Pathankot air force base when it was attacked by heavily armed terrorists last year, has taken pre-mature retirement from service.
A committee suggested that CSR expenditure be made tax deductible, in order to incentivise spending by companies. It also said that CSR should not be used as a means of resource-gap funding for government schemes.
FIFA faces more embarrassment after a member of its financial watchdog was arrested on suspicion of corruption and money-laundering in the Cayman Islands.
Covid deaths at home, on the way to hospital or in private centres are not being counted in Bihar's official list of dead.
Playing the character of Bheem in the blockbuster TV series Mahabharat made him a household name but much before that, Praveen Kumar Sobti was an athlete par excellence and remains India's first and only hammer throw medal winner at the Commonwealth Games.
'At the first board meeting I chaired, I sensed that corporate governance is an issue in this company.' 'I started taking steps that may have aggrieved a few.' 'This has now become a mission I intend to accomplish before I step down.'
Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting
Former ESPN Star Sports MD Sawhney has already been working alongside outgoing Chief Executive Richardson for the last six weeks to ensure a smooth transition.
The federation's troubles have piled up in recent months, with some of its officials and senior coaches having found themselves embroiled in doping scandals.
Agrees with RIL's stand that CAG cannot do a performance audit of the company.
Yashvardhan Kumar Sinha was appointed as the chief information commissioner on Saturday, according to a Rashtrapati Bhavan statement.
We sought Rs 2,000 crore from government to revamp security infrastructure at bases and installations. But it is yet to give a single rupee: Armed forces. The armed forces will have to spend money on revamping security infrastructure from funds allocated in defence budget: Defence ministry.
The Congress claimed that Facebook has different rules for different countries and "that is not acceptable".
The bank's board has already established a search and selection committee comprising three members from the existing nomination and remuneration committee along with two external experts to identify Kapoor's successor.
The Union cabinet on Wednesday approved the roll-out of the 'PM POSHAN in Schools' scheme that will provide hot cooked meal to students of elementary classes in government and government-aided schools across the country.
Dravida Munnetra Kazhagam patriarch M Karunanidhi was re-elected as party president for the 11th time in a row by the newly constituted general council on Friday.
India's winning streak in elections to UN bodies demonstrates it is time for the country to become a permanent member of the Security Council and those who doubt this can no longer behave like "ostriches in sand", the Indian envoy to the world body has said.
'In the last six years, there have been 29,140 fire incidents in Mumbai in which 300 people have died and 925 people have been injured.' 'So, at least 10 to 12 fire accidents take place in Mumbai every day.'
However, chief medical officer Dr Ravindra Kumar, part of the panel, said that the deaths were not due to lack of oxygen.
FIFA president blasts critics, says salary not decided.
Activist Anna Hazare will soon write to Prime Minister Manmohan Singh, seeking his views on having an annual performance audit of the Members of Parliament.
Former top CAG official R P Singh on Monday appeared before the Joint Parliamentary Committee looking into the 2G spectrum scam and is understood to have stuck to his stand that the presumptive loss in the radiowave allocation was only Rs 2,645 crore (Rs 26.45 billion).
Corporate affairs ministry sending notices seeking details of fund disbursal
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